1210 Long Ave #202 · Detroit Lakes, MN 56501

$210,000

2 bd · 1.5 ba · 1,032 sqft · Condo public records · 312 Days on market

Built 1988 $200/mo HOA · 6% of rent

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully maintained 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and style. Located in a desirable community, this unit features an expansive covered patio—perfect for relaxing, entertaining, or enjoying your morning coffee rain or shine. Inside, you'll find two spacious bedrooms with ample closet space and two bathrooms. The open concept living and dining area is filled with natural light, creating an inviting atmosphere for everyday living or hosting guests. The updated kitchen includes stainless steel appliances, and plenty of cabinet space for all your culinary needs. Additional features include in-unit laundry, new wall A/C, and a designated 2 car garage. Conveniently situated near shopping, restaurants, parks, and easy access to US Highway 10, making commuting a breeze. Whether you're a first-time buyer or downsizing, this condo has it all. Don't miss this opportunity—schedule your private showing today!

Key facts

• In-unit laundry
• Covered patio
• Updated kitchen

Tags

• COVERED PATIO
• UPDATED KITCHEN
• IN-UNIT LAUNDRY
• DESIGNATED GARAGE
• EASY ACCESS TO US HIGHWAY 10

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $210k.

Deal economics

• At list price, monthly cash flow is $952 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $210k).
• Recommended offer: $185k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 4.7% in Detroit Lakes — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#78 in MN, #1,847 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, cost of living A; Watch: amenities F, commute F.
• Detroit Lakes Public School District (town): math 44% / reading 50% proficiency, ranked #155 of 301 in MN (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 307 active listings in the ZIP; 156 units permitted in Becker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Becker County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $59k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 312 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $169k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 312 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.48% ✓
• Cap rate: 11.73%
• Cash-on-cash: 19.42%
• DSCR: 1.86
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.4%
• Equity multiple: 1.45×
• Total profit: $26,658
• Equity at exit: $31,312

10-year hold

• IRR: 20.5%
• Equity multiple: 2.73×
• Total profit: $101,576
• Equity at exit: $18,157

Cash invested: $58,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 56501

• Active inventory: 307
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $3,108 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$115 /mo · $1,376/yr
• Insurance: −$88
• HOA: −$200
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $952

Break-even live

Break-even rent $1,903

Max offer price $210,000

Occupancy floor 64%

Sensitivity live

Price	-10% $1,070	-5% $1,011	+0% $952	+5% $892	+10% $833
Rent	-10% $706	-5% $829	+0% $952	+5% $1,074	+10% $1,197
Rate	-1.0pp $1,057	-0.5pp $1,005	base $952	+0.5pp $897	+1.0pp $842

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $200 · $2,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-21
   days on market $210,000 Active 312 DOM
2. 2026-06-18
   days on market $210,000 Active 310 DOM
3. 2026-06-17
   days on market $210,000 Active 309 DOM
4. 2026-06-16
   days on market $210,000 Active 308 DOM
5. 2026-06-15
   days on market $210,000 Active 307 DOM
6. 2026-06-13
   days on market $210,000 Active 305 DOM
7. 2026-06-12
   days on market $210,000 Active 304 DOM
8. 2026-06-09
   days on market $210,000 Active 301 DOM
9. 2026-06-08
   days on market $210,000 Active 300 DOM
10. 2026-06-07
    days on market $210,000 Active 299 DOM
11. 2026-06-07
    days on market $210,000 Active 298 DOM
12. 2026-06-04
    days on market $210,000 Active 295 DOM
13. 2026-06-02
    days on market $210,000 Active 294 DOM
14. 2026-06-01
    days on market $210,000 Active 293 DOM
15. 2026-05-31
    days on market $210,000 Active 292 DOM
16. 2026-05-31
    days on market $210,000 Active 291 DOM
17. 2026-04-11
    price $210,000 978-char remark

    Show marketing remark (978 chars)

    This beautifully maintained 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and style. Located in a desirable community, this unit features an expansive covered patio—perfect for relaxing, entertaining, or enjoying your morning coffee rain or shine. Inside, you'll find two spacious bedrooms with ample closet space and two bathrooms. The open concept living and dining area is filled with natural light, creating an inviting atmosphere for everyday living or hosting guests. The updated kitchen includes stainless steel appliances, and plenty of cabinet space for all your culinary needs. Additional features include in-unit laundry, new wall A/C, and a designated 2 car garage. Conveniently situated near shopping, restaurants, parks, and easy access to US Highway 10, making commuting a breeze. Whether you're a first-time buyer or downsizing, this condo has it all. Don't miss this opportunity—schedule your private showing today!

18. 2026-03-16
    price $217,000 978-char remark

    Show marketing remark (978 chars)

    This beautifully maintained 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and style. Located in a desirable community, this unit features an expansive covered patio—perfect for relaxing, entertaining, or enjoying your morning coffee rain or shine. Inside, you'll find two spacious bedrooms with ample closet space and two bathrooms. The open concept living and dining area is filled with natural light, creating an inviting atmosphere for everyday living or hosting guests. The updated kitchen includes stainless steel appliances, and plenty of cabinet space for all your culinary needs. Additional features include in-unit laundry, new wall A/C, and a designated 2 car garage. Conveniently situated near shopping, restaurants, parks, and easy access to US Highway 10, making commuting a breeze. Whether you're a first-time buyer or downsizing, this condo has it all. Don't miss this opportunity—schedule your private showing today!

19. 2026-01-14
    price $220,000 978-char remark

    Show marketing remark (978 chars)

    This beautifully maintained 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and style. Located in a desirable community, this unit features an expansive covered patio—perfect for relaxing, entertaining, or enjoying your morning coffee rain or shine. Inside, you'll find two spacious bedrooms with ample closet space and two bathrooms. The open concept living and dining area is filled with natural light, creating an inviting atmosphere for everyday living or hosting guests. The updated kitchen includes stainless steel appliances, and plenty of cabinet space for all your culinary needs. Additional features include in-unit laundry, new wall A/C, and a designated 2 car garage. Conveniently situated near shopping, restaurants, parks, and easy access to US Highway 10, making commuting a breeze. Whether you're a first-time buyer or downsizing, this condo has it all. Don't miss this opportunity—schedule your private showing today!

20. 2025-09-09
    price $224,900 978-char remark

    Show marketing remark (978 chars)

    This beautifully maintained 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and style. Located in a desirable community, this unit features an expansive covered patio—perfect for relaxing, entertaining, or enjoying your morning coffee rain or shine. Inside, you'll find two spacious bedrooms with ample closet space and two bathrooms. The open concept living and dining area is filled with natural light, creating an inviting atmosphere for everyday living or hosting guests. The updated kitchen includes stainless steel appliances, and plenty of cabinet space for all your culinary needs. Additional features include in-unit laundry, new wall A/C, and a designated 2 car garage. Conveniently situated near shopping, restaurants, parks, and easy access to US Highway 10, making commuting a breeze. Whether you're a first-time buyer or downsizing, this condo has it all. Don't miss this opportunity—schedule your private showing today!

21. 2025-08-11
    listed $229,900 Active 978-char remark

    Show marketing remark (978 chars)

    This beautifully maintained 2-bedroom, 2-bathroom condo offers the perfect blend of comfort, convenience, and style. Located in a desirable community, this unit features an expansive covered patio—perfect for relaxing, entertaining, or enjoying your morning coffee rain or shine. Inside, you'll find two spacious bedrooms with ample closet space and two bathrooms. The open concept living and dining area is filled with natural light, creating an inviting atmosphere for everyday living or hosting guests. The updated kitchen includes stainless steel appliances, and plenty of cabinet space for all your culinary needs. Additional features include in-unit laundry, new wall A/C, and a designated 2 car garage. Conveniently situated near shopping, restaurants, parks, and easy access to US Highway 10, making commuting a breeze. Whether you're a first-time buyer or downsizing, this condo has it all. Don't miss this opportunity—schedule your private showing today!

22. 2023-05-18
    soldstatus $169,000
23. 2023-05-16
    soldstatus $169,000 Sold 407-char remark

    Show marketing remark (407 chars)

    Enjoy the sunset views from your covered deck in this well built 2 BR/1.5 BA condo. Brick exterior with detached 2 car garage. Great location in Detroit Lakes close to Pelican River walking trail. Association takes care of the lawn mowing and snow removal and includes water, trash,building insurance and community garden. This well taken care of property won't last long so schedule your showing today.

24. 2023-05-01
    status Pending 407-char remark

    Show marketing remark (407 chars)

    Enjoy the sunset views from your covered deck in this well built 2 BR/1.5 BA condo. Brick exterior with detached 2 car garage. Great location in Detroit Lakes close to Pelican River walking trail. Association takes care of the lawn mowing and snow removal and includes water, trash,building insurance and community garden. This well taken care of property won't last long so schedule your showing today.

25. 2023-04-21
    historical Contingent - Subject to Financing 407-char remark

    Show marketing remark (407 chars)

    Enjoy the sunset views from your covered deck in this well built 2 BR/1.5 BA condo. Brick exterior with detached 2 car garage. Great location in Detroit Lakes close to Pelican River walking trail. Association takes care of the lawn mowing and snow removal and includes water, trash,building insurance and community garden. This well taken care of property won't last long so schedule your showing today.

26. 2023-04-04
    status Pending 407-char remark

    Show marketing remark (407 chars)

    Enjoy the sunset views from your covered deck in this well built 2 BR/1.5 BA condo. Brick exterior with detached 2 car garage. Great location in Detroit Lakes close to Pelican River walking trail. Association takes care of the lawn mowing and snow removal and includes water, trash,building insurance and community garden. This well taken care of property won't last long so schedule your showing today.

27. 2023-03-29
    listed $179,000 Active 407-char remark

    Show marketing remark (407 chars)

    Enjoy the sunset views from your covered deck in this well built 2 BR/1.5 BA condo. Brick exterior with detached 2 car garage. Great location in Detroit Lakes close to Pelican River walking trail. Association takes care of the lawn mowing and snow removal and includes water, trash,building insurance and community garden. This well taken care of property won't last long so schedule your showing today.

28. 2021-06-18
    soldstatus $130,000
29. 2021-06-15
    soldstatus $130,000
30. 2021-06-15
    soldstatus $130,000
31. 2021-04-07
    listed $139,900
32. 2021-04-07
    listed $139,900
33. 2011-05-10
    soldstatus $93,500
34. 2007-05-15
    soldstatus $87,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MN · Partial reset (capped growth)

• Current annual tax: $1,376 · $115/mo
• Projected year-2 tax: $1,864 · $155/mo
• Expected delta: +$488/yr (+$41/mo · 35.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 1/10 Low 7 d/yr ≥96°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,292
• − Mortgage interest: −$11,763
• − Property taxes: −$1,376
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,983
• − Management: −$2,983
• − HOA: −$2,400
• − Depreciation: −$6,109
• Taxable income: $8,627
• Est. tax owed @ 24.0%: −$2,070
• After-tax cash flow: $9,349/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Detroit Lakes Public School District
• NCES district ID: 2710230
• Math proficiency: 44% ▼ -11.00%
• Reading proficiency: 50% ▼ -11.00%
• Median HH income: $50,571
• Composite: 40.33/100
• National rank: #3746
• State rank: #155 of 301 in MN

Livability — Detroit Lakes

• Score: 80/100
• State rank: #78
• US rank: #1847

Category grades

Amenities F Commute F Cost of living A Crime B+ Employment C+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit Lakes, MN
• City population: 18,239
• Population (ZIP): 18,239

Population outlook (Becker County) Hauer SSP2

• Today (2025): 34,604 people
• By 2030: 35,095 · +1.4%
• By 2040: 35,691 · +3.1%
• By 2050: 35,869 · +3.7%
• By 2075: 36,103 · +4.3%
• By 2100: 32,798 · -5.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Native American 2%
• Common ancestry: Portuguese 25% Scottish 4% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Becker

• 2024 margin: Solid R (+33.1) · D 32.7% · R 65.8% · Other 1.5%
• 2008→2024 swing: -26.3pp toward R · 2008: -6.9pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+30.1 2016: R+33.2 2012: R+14.6 2008: R+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -222.40%
• Current HPI: 217.4973
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

+140.0% since first listed

18 events — show timeline

• 2026-04-11 Price Changed $210,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-16 Price Changed $217,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-14 Price Changed $220,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-09 Price Changed $224,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-08-11 Listed $229,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-18 Sold (Public Records) $169,000 Public Records
• 2023-05-16 Sold (MLS) $169,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-01 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-04-21 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-04-04 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-03-29 Listed $179,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-06-18 Sold (Public Records) $130,000 Public Records
• 2021-06-15 Sold (MLS) $130,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-06-15 Sold (MLS) $130,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-04-07 Listed $139,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-04-07 Listed $139,900 NORTHSTARMLS as Distributed by MLS Grid
• 2011-05-10 Sold (Public Records) $93,500 Public Records
• 2007-05-15 Sold (Public Records) $87,500 Public Records

Property tax history

+6.4%/yr

Latest (2025): $1,376 · +10.8% YoY. Source: county tax records.